# New Immediate Expensing of Depreciable Property for Corporations **URL:** \ **Category:** T2\ **Created:** [September 15, 2021, 10:43pm UTC](https://www.protaxcommunity.com/t/new-immediate-expensing-of-depreciable-property-for-corporations/4849 "2021-09-15T22:43:00Z")\ **Posts on this page:** 10\ **Page:** 1
**Author:** ![jimt](https://sea2.discourse-cdn.com/flex016/user_avatar/www.protaxcommunity.com/jimt/32/2531_2.png) [@jimt](https://www.protaxcommunity.com/u/jimt)\ **Post date:** [September 15, 2021, 10:43pm UTC](https://www.protaxcommunity.com/t/new-immediate-expensing-of-depreciable-property-for-corporations/4849/1 "2021-09-15T22:43:00Z")
Do we have an idea when this will be in the program? Can we override the claim to file now or will that screw up things with CRA Thanks ---
**Author:** ![Steven](https://sea2.discourse-cdn.com/flex016/user_avatar/www.protaxcommunity.com/steven/32/790_2.png) [@Steven](https://www.protaxcommunity.com/u/Steven)\ **Post date:** [September 16, 2021, 1:52am UTC](https://www.protaxcommunity.com/t/new-immediate-expensing-of-depreciable-property-for-corporations/4849/2 "2021-09-16T01:52:28Z")
@jimt We are waiting for the draft legislation to be available. We are just as anxious as you. The CRA has communicated to us that we must not implement immediate expensing enhancement to TaxCycle at this point. With the upcoming federal election, many things are on hold in the governments it seems. COVID19 is not helping that either. Here is a little sonething we wrote a while back. [New Immediate Expensing of Depreciable Property for Corporations (T2 Schedule 8) | TaxCycle](https://www.taxcycle.com/news/new-immediate-expensing-of-depreciable-property-for-corporations-t2-schedule-8/#:~:text=The%202021%20federal%20budget%20proposes,%241.5%20million%20per%20taxation%20year). Steven ---
**Author:** ![Steven](https://sea2.discourse-cdn.com/flex016/user_avatar/www.protaxcommunity.com/steven/32/790_2.png) [@Steven](https://www.protaxcommunity.com/u/Steven)\ **Post date:** [September 16, 2021, 2:18am UTC](https://www.protaxcommunity.com/t/new-immediate-expensing-of-depreciable-property-for-corporations/4849/3 "2021-09-16T02:18:34Z")
Just to be clear, please do not override CCA to apply accelerated CCA. The CRA is not ready to process this. Steven ---
**Author:** ![jimt](https://sea2.discourse-cdn.com/flex016/user_avatar/www.protaxcommunity.com/jimt/32/2531_2.png) [@jimt](https://www.protaxcommunity.com/u/jimt)\ **Post date:** [September 27, 2021, 7:50pm UTC](https://www.protaxcommunity.com/t/new-immediate-expensing-of-depreciable-property-for-corporations/4849/4 "2021-09-27T19:50:57Z")
Any news post election? ---
**Author:** ![jimt](https://sea2.discourse-cdn.com/flex016/user_avatar/www.protaxcommunity.com/jimt/32/2531_2.png) [@jimt](https://www.protaxcommunity.com/u/jimt)\ **Post date:** [October 7, 2021, 11:46pm UTC](https://www.protaxcommunity.com/t/new-immediate-expensing-of-depreciable-property-for-corporations/4849/5 "2021-10-07T23:46:41Z")
Any news on this? Files are starting to backup in our office… ---
**Author:** ![Steven](https://sea2.discourse-cdn.com/flex016/user_avatar/www.protaxcommunity.com/steven/32/790_2.png) [@Steven](https://www.protaxcommunity.com/u/Steven)\ **Post date:** [October 7, 2021, 11:57pm UTC](https://www.protaxcommunity.com/t/new-immediate-expensing-of-depreciable-property-for-corporations/4849/6 "2021-10-07T23:57:20Z")
@jimt I am sorry I can’t offer any better news but there has not been any development. If you have T2 returns that are coming due, I would not advise you to wait. I know it is very frustrating. We are all anxiously waiting for a draft legislation of some kind. Thanks for your patience. Steven ---
**Author:** ![Steven](https://sea2.discourse-cdn.com/flex016/user_avatar/www.protaxcommunity.com/steven/32/790_2.png) [@Steven](https://www.protaxcommunity.com/u/Steven)\ **Post date:** [October 8, 2021, 12:01am UTC](https://www.protaxcommunity.com/t/new-immediate-expensing-of-depreciable-property-for-corporations/4849/7 "2021-10-08T00:01:13Z")
I just want to reiterate that, should a preparer decide to override S8 to claim the immediate expensing of CCA, the CRA will not allow the additional CCA until as such time that immediate expensing rule receives Royal Assent and is legislated. Steven ---
**Author:** ![jimt](https://sea2.discourse-cdn.com/flex016/user_avatar/www.protaxcommunity.com/jimt/32/2531_2.png) [@jimt](https://www.protaxcommunity.com/u/jimt)\ **Post date:** [October 8, 2021, 12:16am UTC](https://www.protaxcommunity.com/t/new-immediate-expensing-of-depreciable-property-for-corporations/4849/8 "2021-10-08T00:16:05Z")
Steve I think it is time to call Justin ---
**Author:** ![jimt](https://sea2.discourse-cdn.com/flex016/user_avatar/www.protaxcommunity.com/jimt/32/2531_2.png) [@jimt](https://www.protaxcommunity.com/u/jimt)\ **Post date:** [October 8, 2021, 12:18am UTC](https://www.protaxcommunity.com/t/new-immediate-expensing-of-depreciable-property-for-corporations/4849/9 "2021-10-08T00:18:07Z")
Nothing is going to be late… yet. Rather not have to amend, hoping for something soon. ---
**Author:** ![jimt](https://sea2.discourse-cdn.com/flex016/user_avatar/www.protaxcommunity.com/jimt/32/2531_2.png) [@jimt](https://www.protaxcommunity.com/u/jimt)\ **Post date:** [October 18, 2021, 2:51pm UTC](https://www.protaxcommunity.com/t/new-immediate-expensing-of-depreciable-property-for-corporations/4849/10 "2021-10-18T14:51:52Z")
Any news yet